FairPoint Communications 2006 Annual Report Download - page 102

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As of December 31, 2006, our board of directors consisted of seven directors. Three of our directors, Eugene B. Johnson, Frank K. Bynum, Jr. and
Kent R. Weldon, served on our board of directors prior to our initial public offering in February 2005. Three of our directors, Patricia Garrison-Corbin, David
L. Hauser and Claude C. Lilly, were appointed as directors in connection with our initial public offering. Robert S. Lilien was appointed as a director by our
board of directors in December of 2005 to fill the vacancy which existed on our board of directors since our initial public offering. Our directors are divided
into three classes having staggered three-year terms, so that the term of one class expires at each annual meeting of stockholders. As of December 31, 2006, the
classes were comprised as follows:
· . Eugene B. Johnson and Patricia Garrison-Corbin are Class I directors whose terms will expire at the annual meeting of stockholders
held in 2009;
· . Frank K. Bynum, Jr. and David L. Hauser are Class II directors whose terms will expire at the annual meeting of stockholders
held in 2007; and
· . Kent R. Weldon, Claude C. Lilly and Robert S. Lilien are Class III directors whose terms will expire at the annual meeting of
stockholders held in 2008.
Frank K. Bynum, Jr. and Kent R. Weldon resigned from our board of directors and all committees thereof effective as of January 16, 2007.
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The following sets forth selected biographical information for our directors.
Mr Johnson, age 59, has served as our Chairman since January 1, 2003 and as our Chief Executive Officer since January 1,
2002. Prior to his current responsibilities, Mr. Johnson was our Chief Development Officer from May 1993 to December 2002 and Vice Chairman from
August 1998 to December 2002. Mr. Johnson is a founder and has been a director of our Company since 1991. From 1997 to 2002, Mr. Johnson served as a
director of the Organization for the Promotion and Advancement of Small Telecommunications Companies, the primary industry organization for small
independent telephone companies. From 1987 to 1993, Mr. Johnson served as President and principal stockholder of JC&A, Inc., an investment banking
and brokerage firm providing services to the cable television, telephone and related industries. From 1985 to 1987, Mr. Johnson served as a director of the
mergers and acquisitions department of Cable Investments, Inc., an investment banking firm. Mr. Johnson is also on the Board of Trustees of the University
of North Carolina at Charlotte and is on the Board of Directors of the Foundation of the University of North Carolina at Charlotte, Inc.
Ms. Corbin, age 59, has served as a Director of the Company since February 2005. Ms. Corbin has served as President of
P.G. Corbin & Company, Inc., Financial Advisory Services, Municipal Finance, since 1986. Ms. Corbin has also served as President and Chief Information
Officer of P.G. Corbin Asset Management, Inc., Fixed Income Investment Management, since 1987. Ms. Corbin has served as Chairman of the Board of
Directors and Chief Executive Officer of Delancey Capital Group, LP, Equity Management, since 1996, and Chairman of the Board of Directors of P.G.
Corbin Group, Inc., Investment and Financial Advisory Services since 1996. Ms. Corbin has also served as a director for the Erie Insurance Company since
1999.
Mr. Bynum, age 44, served as a director of our company from July 1997 to January 16, 2007. He is also a Managing Director of
Kelso & Company. Mr. Bynum joined Kelso &
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